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Richard Fain.jpeg
Richard Fain sold the shares as part of a pre-arranged stock trading plan

Fain sells $2.4m in RCL stock

Richard Fain, chairman and CEO of Royal Caribbean Cruises Ltd., sold 20,000 shares of common stock for a total of $2,393,756.

The shares were sold in multiple trades on Wednesday. 

Some 12,514 shares were sold at a weighted average price of just under $119.36, while 7,486 shares went at a weighted average price of $120.24.

Pre-arranged trading plan

The shares were sold as part of a pre-arranged stock trading plan disclosed last June with the objective of diversifying Fain’s personal assets.

RCL shares closed down $1.24 at $118.26 Wednesday.

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